UAV Drones Market

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UAV Drones Market is expected to grow from USD XX Billion in 2019 to USD XX Billion by 2026, at a CAGR of XX % between 2019 and 2026. (Detailed analysis of the market CAGR is provided in the report).

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

UAV Drones Market

Unmanned Aerial Vehicle (UAV) drone are used for collecting, analyzing, and synthesizing data of different objects, structures or areas from numerous sensors. Further, they are useful for the collection of confidential or sensitive information about a private property or a private behavior of the object. Changes in government policies and the increase in the number of exceptions permitted to the companies for the commercial use of UAV drones are some of the key factors driving market growth.

Rising demand for drone-generated data in commercial applications, increase in venture funding, rapid technological advancements and declining prices, growing demand across commercial and non-commercial end-users are the major factors driving the growth of the UAV drones market. However, security and safety issues as well as social issues, such as privacy and nuisance concerns, are the key restraining factors for market growth.

Further key findings from the report:

• Among all the components, a camera is anticipated to account for the largest share of the UAV drones market during the forecast period. Camera systems offer features such as continuous video monitoring, remote surveillance, border security, and protection of critical infrastructure, and thermographic inspection of inaccessible buildings. Since these features found advantageous in many commercial and military applications, it is driving the market growth of the UAV drones market for cameras
• From the commercial application segment, precision agriculture is anticipated to grow at highest CAGR by 2026. With the use of drones in agriculture, it is possible to reduce time and cost required to conduct an accurate survey, it also offers real-time data collection and high-resolution imagery of farmland. These advantages of using drone technologies in farming over other traditional farming techniques are driving the growth of the commercial drones market for precision agriculture applications
• UAV drones market for commercial applications to hold the largest market share in 2017 owing to rising demand for drones and drone-generated data in commercial applications, increasing use in retail and e-commerce sectors. Additionally, in some countries, the rules for operating drones in the airspace have been relaxed, that is further increasing the adoption rate of commercial drones
• Among geographical regions, North America to hold the largest share of the overall UAV drones market during the forecast period. This can be attributed to release of the Part 107 rule by the Federal Aviation Administration (FAA) of the US in August 2016. Rising demand for military and commercial applications in North American countries such as US and Canada is expected to boost the growth of UAV drones market in this region

Research Methodology:

Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about UAV Drones Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the UAV Drones Market globally.

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Key Players in the Market Are:

• General Atomics Aeronautical Systems (GA-ASI)
• Northrop Grumman
• DJI
• Aerovironment
• Parrot
• Thales
• 3DR
• Lockheed Martin
• Boeing
• Textron
• Precisionhawk
• Aidrones
• Saab
• Ing Robotic Aviation
• Delta Drone
• Aeroscout
• Nimbus SRL
• Israel Aerospace Industries
• Edall Systems and Services Private Ltd.
• Johnnette Technologies Pvt Ltd

Key Target Audience:

• Original equipment manufacturers (OEMs)
• OEM technology solution providers
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
The scope of the Market:

Research report categorizes the UAV Drones Market based on drones type, payload, component, application, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the UAV Drones Market with key developments in companies and market trends.

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This Report Is Submitted By : Maximize Market Research Company

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